Henry James International Management Inc. raised its stake in ORIX Co. (NYSE:IX – Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,773 shares of the real estate investment trust’s stock after acquiring an additional 1,218 shares during the period. ORIX accounts for approximately 2.1% of Henry James International Management Inc.’s portfolio, making the stock its 12th largest position. Henry James International Management Inc.’s holdings in ORIX were worth $5,925,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. FMR LLC grew its position in shares of ORIX by 9.9% during the third quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock worth $75,164,000 after acquiring an additional 58,178 shares during the last quarter. International Assets Investment Management LLC purchased a new position in ORIX during the 3rd quarter worth $4,256,000. Allspring Global Investments Holdings LLC increased its stake in ORIX by 133.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 41,283 shares of the real estate investment trust’s stock valued at $4,376,000 after purchasing an additional 23,595 shares during the period. World Investment Advisors LLC purchased a new stake in shares of ORIX in the third quarter valued at about $2,600,000. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of ORIX by 52.1% in the third quarter. Crossmark Global Holdings Inc. now owns 28,722 shares of the real estate investment trust’s stock valued at $3,334,000 after buying an additional 9,839 shares during the last quarter. Hedge funds and other institutional investors own 1.73% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised ORIX from a “hold” rating to a “buy” rating in a report on Saturday.
ORIX Trading Up 0.0 %
NYSE:IX opened at $20.47 on Friday. ORIX Co. has a 12-month low of $18.11 and a 12-month high of $25.17. The company has a current ratio of 1.77, a quick ratio of 1.73 and a debt-to-equity ratio of 1.38. The stock’s 50 day simple moving average is $102.78 and its 200-day simple moving average is $109.95. The firm has a market cap of $4.97 billion, a P/E ratio of 1.78, a PEG ratio of 0.97 and a beta of 0.92.
ORIX (NYSE:IX – Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.06. ORIX had a net margin of 13.66% and a return on equity of 9.73%. Equities analysts anticipate that ORIX Co. will post 11.31 EPS for the current year.
Insider Activity
In other news, major shareholder Corp Orix sold 3,700,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $75.38, for a total value of $278,906,000.00. Following the completion of the sale, the insider now directly owns 2,976,077 shares of the company’s stock, valued at $224,336,684.26. This trade represents a 55.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.08% of the company’s stock.
ORIX Company Profile
ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.
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